With global hesitation to reduce economic stimulus and gains in stocks, demands for assets has dampened sending the yen spinning down against the dollar.

Yesterday marked the first break through the 100-lever point for the yen after two months of relative strength and the currency is expected to record weekly declines against all its major peers amidst data of slowing growth and ahead of the Bank of Japan’s meeting next week. The dollar itself, however, is set to fall against the euro for the first time this month as Janet Yellen, the nominee chairman for the Federal Reserve, stated that more signs of economic strength were needed before tapering begins.

The yen slid 0.2 percent to 100.20 per dollar and touched 100.31, its lowest level since 11th September. The Japanese currency fell 1.2 percent against the dollar in the third consecutive week of losses, and 1.8 percent versus the euro, marking the greatest five-day slide since July.